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N26 review Ireland

A digital bank account with budgeting tools, fast and easy payments and more.

N26 is a digital bank account and app that has a bunch of useful features. These include budgeting tools such as automatic spending categorisation and your daily spend amount plus the ability to set withdrawal limits and save using the Spaces feature.

In this review of N26 Bank’s card and app we break down all of its features, costs and limits so you can see if the app is going to suit you.

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0 €

Maintenance fee

2 €

ATM fee

0%

Currency conversion fee

Details

Product NameN26 Bank Account
Fee periodMonthly
Maintenance fee0 €
Card deliveryUp to 10 working days
Free ATM withdrawal limit3 withdrawals per month
ATM transaction fee€2 per withdrawal
ATM transaction fee - non-Euro1.7%
Currency conversion fee0%
Supported currencies

1

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How does N26 work?

N26 is a digital bank that’s available in a number of countries across Europe, including Ireland. When you sign up with N26 Bank, you have four account options to choose from: N26 Standard, N26 Smart, N26 You and N26 Metal.

N26 Standard is the most basic account and the only free option. The Smart, You and Metal accounts each have monthly fees attached to them but also more features for you to benefit from. All four accounts come with a Mastercard, an app, free ATM withdrawals in Euros and free payments in any currency. The app offers spending insights, security options and other useful features to help you understand and manage your money.

You manage your N26 account out of the app, which is accessible from your smartphone, or the N26 web app.

Key features of N26

You can do a lot with N26 in Ireland. This includes:

  • 100% digital banking. N26 offers a virtual debit card for all account tiers, which is issued instantly upon account opening. The virtual debit card is compatible with both Apple Pay and Google Pay and may be used to withdraw cash from contactless NFC-enabled ATMs.
  • Manage, transfer and spend in multiple currencies. N26’s currencies feature is powered by Wise, letting you send money in 19 currencies from the app. You won’t be charged for foreign currency transactions or for a limited number of ATM withdrawals in Euros. The You and Metal accounts also won’t charge you for foreign currency ATM withdrawals.
  • Google Pay and Apple Pay. Make contactless payments with your smartphone by adding your N26 card to Apple Pay or Google Pay.
  • Security. Set and change daily spend and withdrawal limits, reset your PIN, lock and unlock your card and enable or disable online or foreign payments.
  • Budgeting tools. Get automatic spending categorisation, view spending analysis and insights and create your own personal tags to organise your transactions.
  • Save with spaces. If you want to save for a specific goal you can use N26’s Spaces function. It lets you put money into small sub-accounts that are kept away from your main funds.
  • MoneyBeam. This feature lets you send money to your contacts without needing to know their bank details. Money is sent to fellow N26 users instantly or within two days if they’re not with N26.
  • IBAN. You’ll be able to set up standing orders and receive and make payments the way you would with a traditional bank.
  • Manage from multiple devices. Many challenger banks are only available through a smartphone app, but N26 also allows you to access your account from its web app as well.

What are the card options?

N26 offers four different account tiers: N26 Standard, N26 Smart, N26 You and N26 Metal.

  • N26 fees

    There are a few different costs, fees and limits to consider when you choose a personal account with N26, including:

    • Monthly fee. You’ll pay an ongoing monthly maintenance fee if you have the Smart (€4.90), You (€9.90) or Metal (€16.90) account. There is no monthly fee for the Standard account.
    • ATM withdrawals. Each account comes with a certain number of free ATM withdrawals, starting with three free withdrawals for the Standard account per month. If you exceed this limit with any of the accounts a €2 fee applies. For ATM withdrawals in other currencies, a 1.7% fee applies per withdrawal with the N26 Standard and N26 Smart account.
    • Currency conversion fee. N26 offers free currency conversions with all accounts.
    • Overdraft fee. If you overdraw your account you’ll pay a fee of 8.9%.
    • Extra Mastercard. N26 Smart, You and Metal accounts can get an additional card for a one-off €10 fee.

    New customers to pay interest on savings over €50,000

    New N26 customers that make deposits of more than €50,000 will be charged 0.5% on the amount held over €50,000. N26 Metal account holders and existing customers will be exempt from this negative interest. N26 is the first bank in Ireland to charge customers interest for holding savings over a certain limit.

Pros and cons

Pros

  • Fee-free overseas spending. Enjoy zero foreign transaction fees when you shop using your N26 card overseas.
  • Instant alerts. Stay updated on your account activities with instant alerts.
  • Card control. If your card is stolen or misplaced, simply freeze its usage within a few taps on the N26 app.
  • Has a banking license. N26 operates with a full banking license from the European Central Bank (ECB).

Cons

  • No multicurrency support. You can only hold one currency in your N26 account.
  • Limited features. Compared to other digital banks, the N26 app is lacking some budgeting and savings features.
  • No phone support. N26 does not offer phone support. A number of N26 users also complained that its in-app chat support is somewhat slow.

N26 vs Revolut

While both N26 and Revolut are two of the most popular digital banks in Europe, N26 is a lot more similar to a regular bank than Revolut. Simply put, N26 is designed to be a more streamlined and efficient mobile solution than traditional banks, but Revolut leans closer to a new class of financial service providers with its wide range of advanced features.

For N26, you can hold Euros in the app and exchange it for any currency without being charged a fee. Depending on which account you choose, there are some limits for the number of free ATM Euro withdrawals you have each month – but N26 also lets you send, receive and request money from friends instantly and transfer money into 19 currencies using Wise.

Revolut, on the other hand, allows you to hold multiple currencies in your account including cryptocurrencies. You can also set up automatic savings with your family and friends through multiple sub-accounts.

N26 vs Revolut

Verdict

N26 is a good option to consider for a few reasons. You can use it to spend in and transfer multiple currencies fee-free, get on top of your spending with the budgeting tools and benefit from extra perks such as insurance. If you’re not looking to pay for a bank account, N26’s free N26 Standard account still has a lot of the features that make it worth signing up for including budgeting tools and foreign currency spending and transfers. You just won’t get extra perks such as insurance and you’ll be charged a small fee for ATM withdrawals in other currencies.

If you want a more feature-packed account, the three other paid accounts are likely to be worth it if you’ll use the features. If you plan to make large deposits as a new customer, just be aware that you’ll be charged interest on the balance over €50,000 unless you opt for the N26 Metal account.

Experiences from other N26 users

N26 scores 3.8 over 5 based on 15,600+ reviews and is rated Great on Trustpilot.

User ratings# of reviewsWhat do customers say
3.8 / 515,698
  • “N26 is a pioneer in modern banking which means it can offer some useful advantages. This internet-only, fully-licensed European bank offers most of the accustomed features, regulation, safety, and service of the regular banks, but in a lightweight mobile app.” — Anais Shibart
  • “Had a question about my account and the phone service was very polite and professional and solve the problem within minutes.” — Luc Van Raepenbusch
  • “Can’t log in to the app. It’s alternatively “Unexpected error” or “Something went wrong”. On both WiFi and cellular data. The app security becomes a terrible headache whenever I travel, which I do a lot.” — KK

*Note: Information provided is based on the reviews and rating on Trustpilot (5 July 2021).

How to apply

Opening an account with N26 is fast and easy. Click “Go to Site” on this page to be securely transferred to N26 to start the process. You can sign up from your smartphone or computer and it only takes a few minutes.

Eligibility criteria

  • Reside in a supported country (for example, Ireland)
  • Have a tax identification number
  • Have a valid identity document
  • Have a smartphone

Sign-up process

  1. Click “Go to Site” to be securely redirected to N26’s website
  2. Enter your email address and personal information
  3. Confirm your email address
  4. Select the type of account you want (N26 Standard, N26 Smart, N26 You or N26 Metal)
  5. Verify your identity
  6. Make a small deposit to activate your account
  7. Wait to receive your card. This will take between two and three working days.

Compare a range of digital banks in Ireland

Name Product Monthly Fee Free ATM withdrawal limit Supported currencies
N26 Bank Account
0 €
3 withdrawals per month

1

Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Revolut Standard
0 €
€200 per month

28

Enjoy no monthly fee, no currency conversion fees up to €1,000 per month and hold an array of currencies in your account.
Wise Multicurrency Account
0 €
2 withdrawals up to €200 per month

19

Wise (formerly TransferWise) is an international account with over 50 currencies, instant and very convenient money transfers, a card to spend in any currency, bank details to be paid in 30 different countries and multi-currency direct debits.
Wirex Standard
0 €
€400 per month

13

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Benefit from an array of digital payment features, including a free prepaid Wirex card and unlimited fee-free transfers at interbank rates - with zero monthly subscription fee.
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Name Product Monthly Fee Free ATM withdrawal limit Supported currencies
Revolut Premium
7.99 €
€400 per month

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A combined current account and IBAN account with unlimited free currency conversions and international transfers in many currencies.
bunq Easy Money Personal
8.99 €
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N26 Smart
4.90 €
5 free withdrawals per month

1

A mid-tier, premium subscription plan that comes with a range of essential money management features to help you better manage your finances.
Revolut Plus
2.99 €
€200 per month

28

Enjoy purchase, event ticket and returns protection, plus other innovative features with this lower-priced subscription plan.
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